Gold miner exchange traded funds stumbled Wednesday along with bullion prices, dragging the stock ETFs to fresh 52-week lows.

Market Vectors Gold Miners (NYSEArca: GDX) fell 3% while Market Vectors Junior Gold Miners ETF (NYSEArca: GDXJ) was down nearly 4%.

Leveraged ETFs following the sector saw even larger moves Wednesday — NUGT (Direxion Daily Gold Miners Bull 3X) and DUST (Direxion Daily Gold Miners Bear 3X). [ETF Chart of the Day: Gold vs. Miners]

Gold miner ETFs have lagged the price of bullion in 2011 and are set to end the year with losses. [Gold Miner ETFs Look to Catch Up to Bullion in 2012]

Market Vectors Gold Miners was off about 16% heading into Wednesday’s trading, while bullion-backed ETFs such as ETFS Physical Swiss Gold Shares (NYSEArca: SGOL) are up more than 10%.

Other miner ETFs include Global X Silver Miners (NYSEArca: SIL), PowerShares Global Gold and Precious Metals (NasdaqGM: PSAU), Global X Copper Miners (NYSEArca: COPX) and Global X Gold Explorers (NYSEArca: GLDX).

Earlier this year, hedge fund manager David Einhorn said a “substantial disconnect has developed between the price of gold and the mining companies.” [Are Gold Miner ETFs Undervalued?]

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